Saudi Cement board declares 10% dividend for H1 2026

Saudi Cement Co.'s board of directors declared a 10% cash dividend for the first half of 2026, according to a statement on the Tadawul exchange. The payout equals SAR 1 per share.

The dividend is the company's first interim distribution for its current fiscal year. The board did not specify the record date or payment schedule in the filing. Those details are expected in a follow-up announcement, the statement said.

Saudi Cement is one of the kingdom's largest cement producers, with a market capitalization of roughly SAR 15 billion. The company operates four production lines in the Eastern Province and supplies clinker and cement to domestic and neighboring markets.

The sector has been supported by government spending on housing and infrastructure, though competition from new entrants and cost pressures have narrowed margins in recent quarters. The company has maintained a consistent dividend policy for the past five years, typically distributing between 10% and 15% of earnings annually.

For shareholders, the declared amount represents a yield of roughly 3.5% based on the stock's closing price before the announcement. The payout will be deducted from retained earnings.

Investors holding shares on the yet-to-be-announced eligibility date will receive the dividend. The stock traded 0.8% higher in afternoon Riyadh trading after the news.